IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 814 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 814 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $18,315.00. Following the transaction, the director now owns 221,744 shares of the company’s stock, valued at $4,989,240. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mohammedulla Khaishgi also recently made the following trade(s):

• On Tuesday, November 19th, Mohammedulla Khaishgi sold 1,129 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Stock Down 1.8 %

Shares of NASDAQ IBEX opened at $21.80 on Thursday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $22.52. The firm has a market cap of $365.37 million, a PE ratio of 11.53 and a beta of 0.78. The company’s fifty day simple moving average is $20.77 and its 200 day simple moving average is $18.86.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The company had revenue of $129.72 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their price objective on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Institutional Investors Weigh In On IBEX

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of IBEX by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock worth $447,000 after purchasing an additional 3,759 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after buying an additional 3,052 shares during the last quarter. Sei Investments Co. lifted its stake in shares of IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after buying an additional 15,507 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of IBEX during the third quarter valued at about $371,000. Finally, Victory Capital Management Inc. grew its holdings in shares of IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after buying an additional 3,450 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.